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Long-term capital gains are taxed at lower rates than ordinary income. The total income shown on your tax return will include both short-term and long-term capital gains, but the tax calculation will apply lower rates to the long-term capital gains.
thanks.
But does the cash earned from long term gains also count as (count against) ordinary income as well?
I'd assume not, but not sure
No, long-term capital gains are not also counted as ordinary income.
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